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The policy rules that were in place at the time that you were nominated will continue to apply for the duration of your provisional visa.

For applicants of the Business Innovation and Investment (Provisional) visa (subclass 188) – Significant Investor stream  nominated by Victoria before 1 July 2015, the policy rules that were in place at the time that you were nominated will continue to apply for the duration of your provisional visa. 

Complying Investments

The complying investments before 1 July 2015 could be one or a mixture of the following:

  • part or all of A$5 million investment (minimum A$1.5 million) into Victorian Government Bonds, available through the Treasury Corporation of Victoria (TCV)
  • part or all of A$5 million investment (minimum A$1.5 million) into a complying private company
  • part or all of A$5 million investment into a complying managed fund.

Investment period

The Department of Home Affairs requires complying investments to be continuously maintained for the life of the provisional visa. This may require the complying investment to be held for more than four consecutive years, as the investment must be made prior to the grant of the provisional visa.

Treasury Corporation of Victoria bonds may be extended to cover a period of time, if required.

For further information regarding extensions of Treasury bonds, please contact Treasury Corporation of Victoria, your fund provider or the Department of Home Affairs directly.

Contribution to the Victorian economy

Before 1 July 2015 the Victorian Government gave Significant Investors the flexibility to choose any complying investments that suited their investment and permanent residency goals. The only mandatory requirement was that the complying investments made a contribution to the Victorian economy. Below are a few examples of how to this requirement could be met.   

Victorian Government Bonds

  • An investment of A$1.5 million or more over four years in Victorian Government Bonds.

Managed funds

  • An investment in managed funds where the fund includes Victorian investments. There is no minimum investment requirement or requirement that the fund manager or retailer maintains an office in Victoria.

Proprietary (private) companies

  • An investment in a Victorian based proprietary (private) company of A$1.5 million or more.

A mixture of investments

A mixture of two or more investments where at least one of the investment choices shows a contribution to the Victorian economy.

A mixture of investments in Government bonds and managed funds

A Significant Investor chooses to invest in both Victorian Government Bonds and a complying managed fund.  An investment of A$1.5 million or more over four years in Victorian Government Bonds meets the requirement to show a contribution to the Victorian economy.

A mixture of investments in managed funds and a Victorian private company

A Significant Investor chooses to invest in both a complying Victorian private company and managed fund.  An investment of A$1.5 million or more in the Victorian private company meets the requirement to show a contribution to the Victorian economy.

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